Gallagher spent $16m on acquisition integrations in Q2

A J Gallagher chief executive Patrick Gallagher

Broker saw revenues and earnings increase in the three months to 30 June.

Arthur J Gallagher's brokerage segment has reported an $11m [£6.5m] jump in acquisition integration costs in the second quarter of 2014.

The broker completed 17 acquisitions during the quarter, including the purchases of Oval and Oamps, and saw integration costs increase from $5m in the second quarter of 2013 to $16m in Q2 2014.

Gallagher reported revenues of $741.9m for its broker segment in the second quarter of 2014, up from the $555.6m reported for the same period of last year.

Meanwhile

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Applied updates on commercial push

Applied Systems has confirmed Arch Insurance is about to enter the pilot phase of onboarding and will be live on the Applied Epic broker management system in April, with Iprism and Ark to follow and more promised in 2024.

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